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Mortgage Rates

October 24, 2003 | From Associated Press
Rates on benchmark 30-year mortgages, after rising for two straight weeks, were unchanged this week at 6.05% as the bond market stabilized, mortgage company Freddie Mac reported. For 15-year mortgages, a popular option for refinancing, rates edged up slightly to 5.39%, from 5.36% last week. Rates for one-year adjustable mortgages averaged 3.76%, down slightly from last week's 3.79%. The nationwide averages for mortgage rates do not include add-on fees known as points.
April 3, 1985 | Associated Press
Interest rates for fixed-rate mortgages rose in March, the first increase in eight months, the government reported today. The Federal Home Loan Bank Board said fixed-rate loans averaged 13.7% last month, up from 13.45% in early February. Fixed-rate mortgages reached a high last year of 15.23% in July and had declined every month since then until March.
February 13, 2014 | By E. Scott Reckard
A five-week decline in fixed mortgage rates has ended, with Freddie Mac's survey showing the 30-year home loan averaged 4.28% early this week, up from 4.23% a week ago. The 15-year fixed-rate mortgage was unchanged at an average of 3.33%, Freddie Mac said Thursday in its weekly report on the terms that lenders are offering to highly creditworthy borrowers. Aside from a weak jobs report, which the market seemed to shrug off, there was little economic news early this week to influence rates, Freddie Mac chief economist Frank Nothaft noted in the finance company's report.
October 30, 2009 | E. Scott Reckard
Mortgage rates continued to drift higher this week, according to the latest survey from Freddie Mac, which reported Thursday that the average rate on a 30-year fixed-rate loan was 5.03%. That was up from a flat 5% a week earlier and from an all-time low of 4.87% in the week that ended Oct. 8. The surveys assumed that borrowers with good credit were making a down payment of at least 20%. Borrowers this month have paid on average 0.7% of the loan amount in upfront charges. Rates on shorter-term fixed-rate mortgages and adjustable-rate loans also rose.
April 13, 2012 | By E. Scott Reckard, Los Angeles Times
Mortgage rates are sharply lower on news of a weakening job market, with the 30-year fixed loan averaging 3.88% this week and the 15-year fixed at a record low of 3.11%, according to Freddie Mac. The average for the 30-year loan was down from 3.98% a week earlier, Freddie Mac said in its latest weekly report. The 15-year mortgage, popular with refinancers seeking to pay off their loans, was down from 3.21% a week ago. Its previous record low of 3.13% was set March 8. The start rates for adjustable mortgages were little changed.
May 10, 2012 | By E. Scott Reckard
Mortgage rates have descended further into record low territory for the second straight week, with the average for a 30-year, fixed-rate loan dropping to 3.83% from 3.84% last week, Freddie Mac said. The 15-year fixed loan also dipped to a record low, falling from 3.07% to 3.05%, according to  Freddie Mac's latest survey , released Thursday. Borrowers would have paid an average of 0.7% in upfront lender fees to obtain the fixed-rate loans. People with solid credit and incomes who shop around or who pay additional discount points to lenders often can obtain slightly better rates than those quoted by Freddie Mac. Adjustable loans were mixed.
October 3, 2013 | By E. Scott Reckard
Mortgage rates have tumbled for the third straight week, with Freddie Mac pegging the 30-year fixed loan at an average of 4.22%, down from 4.32% last week to the lowest level since June. But what good is a low rate if a lender can't process your application? A protracted government shutdown would hamper the ability of lenders to confirm borrowers' incomes and identities, as well as threatening loans that are backed by agencies such as the Federal Housing Administration. “The federal government shutdown will have a growing impact on the housing market the longer it continues,” David H. Stevens, president and chief executive of the Mortgage Bankers Assn., said in a statement Thursday.
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